Vape Brothers Limited

Vape Brothers Limited, based in London, UK, is a small, active company founded eight years ago in 2016. Employing just one person, the company holds £49,762 in assets and operates from a virtual address—a point highlighted by the fact thirteen companies share the same registration details. Led by a single director and owner, Ertugrul Baris, the company enjoys a stellar 5.0 Google rating based on 34 reviews.

The company’s core business revolves around retail sales via mail order and internet, specializing in vape products. Its website, while basic, clearly showcases a range of e-cigarettes, e-liquids, and related accessories. It seems like a straightforward e-commerce operation, catering to the growing demand for vaping products.

Financially, Vape Brothers Limited presents a mixed picture. While current assets remained relatively stable at £50,000, net assets took a significant hit, plummeting 730% to -£20,000. Bank borrowings decreased by 59%, falling to £3,200, and cash reserves declined by 28% to £950. Creditors, however, increased by 48%, reaching £66,000. Trade debtors also rose significantly, by 54%, to £7,300. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 10 employees) allows for flexibility, but the substantial equity loss warrants attention. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

In short, Vape Brothers Limited seems to be navigating a challenging financial landscape. While customer reviews are positive, the company’s equity position suggests it's burning through cash. Whether it can sustain its operations and capitalize on the growing vaping market remains to be seen.

Registered in England/Wales under the registration number 10399740, with a registered address at SE9 3TL, England, London, 4 Green Lane Business Park 238 Green Lane, New Eltham.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.